Special loan:
A loan for those who cannot get a mortgage from a traditional bank
This is how we help you:
Fill in the application form
It only takes a few minutes and is completely
free and non-binding for you.
We talk to the banks
Your advisor will talk to our partners and find the
best solution for you.
Receive a non-binding offer
Once we've landed the solution we
most believe in, we'll contact you for a
no-obligation quote.
Can't get a loan from a regular bank
Some loan applicants have difficulties in getting a loan approved in traditional banks, even though their income should be good enough to get a loan approved. Reasons for this can be:
– Self-employed
– Short history of own company
– A lot of consumer debt
– Annual or quarterly salaries
– Non-traditional profession, e.g.: influencer, musician, artist
– Several loan applicants, family wants to buy together
Are you experiencing rejection of your loan application? Talk to us before you give up hope.
There are a couple of criteria that banks must adhere to and these are:
- that the debt must not be higher than 5 times the total gross annual income
- that a home should not have a loan for more than 90% of its value
What is a Special loan?
Not everyone fits into the traditional A4 box in terms of debt, income, housing and lifestyle.
Standard mortgage banks want customers who are permanently employed, preferably have good education, have saved up equity and are no more than 2 people buying a home together.
The income must come into the account every month and the total debt must not exceed more than 5 times the gross total income. These are often the criteria for being granted financing for the purchase of a home.
Not everyone meets these criteria, but that doesn’t mean they are bad loan customers for that reason, just a little different. Fortunately, new banks have emerged in recent years that focus on and believe in these customers.
That’s why they have created the loan product Spesiallån. Eiendomsfinans cooperates with these banks and will help you find which one is best for you. The different banks have their own ways of calculating and different criteria they emphasize, we know which and what.
Help with finding the right bank
How banks calculate the criteria for special loans varies. We know well how the different banks calculate, what they value and how they can find a solution for you.
Then it’s about choosing the bank that best meets your wishes and needs. You will be assigned a personal advisor from Eiendomsfinans who will help you with the application free of charge and sort out the banks that will be relevant in your case.
It is not the case that a bank is best for everyone, but when your adviser knows what you want, he or she will quickly give you some good advice about which banks are right for you.
Conditions for special loans
- Total debt should not exceed five times total annual gross income.
- Loans can be granted up to 90% of the value of the property/purchase price, real security is accepted for any missing equity.
- 10% of the purchase price + costs in equity.
- You may have payment remarks.
Interest and fees on this type of loan are higher than normal mortgages, the reason for this being that the bank takes a higher risk with the loans. The interest rate at the bottom of the page is an average interest rate, but if you do not have any payment remarks, the interest rate will be a good deal lower than this. We are obliged to present an average interest rate.
Totalbeløp
Kostnad
Etabl.gebyr
Termingebyr
Effektiv rente
This is how we help you:
Fill in the application form
It only takes a few minutes and is completely
free and non-binding for you.
We talk to the banks
Your advisor will talk to our partners and find the
best solution for you.
Receive a non-binding offer
Once we've landed the solution we
most believe in, we'll contact you for a
no-obligation quote.
Free and fast case management
With us, you will be assigned a dedicated advisor who will help you every step of the way. After
a pleasant conversation with you, we map out your financial situation.